The National Petroleum Construction Co. has been awarded a contract to deliver engineering, procurement, construction, and commissioning activities for the offshore facilities required to enable full production capacity of 45 000 bpd of light crude.
ADNOC awards $744 mil contract to develop offshore block amid oil capacity boost
Abu Dhabi National Oil Co. has awarded a $744 million contract to UAE-based National Petroleum Construction Corp., or NPCC, to develop an offshore block, as part of plans of hitting 5 million b/d oil production capacity by 2030.
Al Yasat Petroleum Operations Co. an ADNOC joint venture with China’s CNPC awarded the engineering, procurement and construction contract to NPCC, ADNOC said in a statement May 25. ADNOC has a 60% stake in Al Yasat and CNPC the remaining.
The block, which is expected to produce first oil in 2023, comprises three offshore fields: Belbazem, Umm Al Salsal and Umm Al Dholou. The contract includes developing the block’s full production capacity of 45,000 b/d of light crude with API gravity of around 35 degrees and 27 MMcf/d of associated gas.